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Daily Archives: December 1, 2014
Credit-fueled commodity bubble imploding
I recall being on an ‘experts’ panel at a resource investing conference in Calgary in 2011 when commodity prices had sharply rebounded out of the 2008 collapse and the question was asked, “do you think the ‘great commodity bull’ market … Continue reading
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Era of peak waste coming to a close
Time-worn lesson for the history books: trillions in ‘free’ money (courtesy of debt) is a recipe for epic waste and mal-investment. A new Chinese study confirms our assessment of what has been going on in China and the global economy … Continue reading
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